Coach Owner Tapestry Raises Annual Sales Forecast

Reuters

05-08

May 8 (Reuters) - Coach parent Tapestry TPR.N on Thursday raised its fiscal 2025 revenue forecast for the third time, benefiting from limited exposure to Trump's sweeping tariffs and higher full-price sale of its popular Tabby handbags.

The company expects annual revenue of about $6.95 billion, compared to its prior forecast of more than $6.85 billion issued in February.

Tapestry shares jumped 7% in premarket.

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